Articulated Arm Measuring Instrument Market Forecasts to 2030 - Global Analysis By Product, Technology, Application, End User and By Geography

According to Stratistics MRC, the Global Articulated Arm Measuring Instrument Market is accounted for $2.9 billion in 2023 and is expected to reach $9.7 billion by 2030 growing at a CAGR of 18.5% during the forecast period. An articulated arm measuring instrument is flexible and accurate metrology equipment used in a variety of industries, including manufacturing and engineering, for dimensional measurement and quality control. Additionally, similar to a human arm, it is made up of several connected arm segments that have rotating joints, allowing it to flex and achieve different positions and angles. Moreover, it can precisely measure the dimensions and geometry of things, parts, or components if it is endowed with probes, scanners, or sensors.

According to International Federation of Robotics, in Asia including Australia and New Zealand, the total number of industrial robots sold in this region in 2013 was 17% more as compared to 2012.

Market Dynamics:

Driver:

Rising demand in automation

These measurement tools are essential in automation since they demand better production levels of precision and accuracy. A crucial role in quality assurance, dimensional precision, and data collection as factories and facilities implement Industry 4.0 concepts is played by articulated arm systems. Additionally, these tools are frequently used in automated robotic systems to check the quality of the product and make adjustments in real-time, increasing productivity and lowering production errors. Furthermore, since automation is deeply related to the requirement for articulated arm measuring tools, these tools are crucial to modern manufacturing and quality control. Therefore, significantly drive the market expansion.

Restraint:

High initial costs

Articulated arm measuring instruments are high-tech, precise instruments that demand complex engineering and technology. Because of this, they frequently require a sizable upfront investment, which limits their availability to small and medium-sized firms with limited financial resources. Moreover, the high initial costs impose a barrier to entry and prevent the widespread use of these tools in several sectors. Additionally, the COVID-19 epidemic and other economic uncertainty may further discourage companies from making substantial expenditures, which would hinder market expansion.

Opportunity:

Technological innovations

They are currently equipped with laser scanners, high-resolution touch probes, and sophisticated software, allowing for more accurate and effective assessments and the constant advancement of sensor and metrology technologies has transformed these tools. Additionally, advancements in manufacturing techniques and materials have made these devices more accurate while also making them lighter and more portable. Moreover, the smooth transfer of data and real-time analysis are made possible by the integration of wireless and connection technologies, the performance and capacities of articulated arm measuring instruments are improved by technological advancement, which also broadens their applications in fields like engineering, automotive, and aerospace where precision is crucial, hence propelling market growth.

Threat:

Lack of skilled labor

The efficient use and operation of these devices may be impaired without qualified workers, resulting in invalid measurements and decreased output. Moreover, lack of qualified workers may make it more difficult to deliver appropriate maintenance and repair services, which could cause enterprises to face higher expenses and longer downtime. Additionally, an absence of workers with the necessary skills to create novel uses and methods for these devices may impede innovation and progress in the industry.

COVID-19 Impact

The market for articulated arm measuring instruments, the COVID-19 pandemic had a detrimental effect, delays in the fabrication and delivery of these instruments were caused by the restrictions and lockdown procedures implemented in order to prevent the virus's spread. Additionally, the pandemic also brought about economic uncertainty, which led to decreased investments and postponed projects, which had an impact on the need for articulating arm measuring tools. Furthermore, hampering the market were travel restrictions and social segregation policies that prevented on-site installations, training, and maintenance services

The laser scanners segment is expected to be the largest during the forecast period

The laser scanner segment is estimated to hold the largest share due to the accuracy and efficiency of dimensional inspection. Laser scanners are typically integrated into the articulated arms and utilize laser technology to capture precise 3D measurements and geometric data on objects and surfaces. Additionally, these scanners are incredibly adaptable and have quick data capture speeds, making them perfect for uses in manufacturing including quality control, reverse engineering, and metrology. Moreover, they are essential in fields where accuracy and speed are crucial because of their capacity to produce intricate 3D models and perform non-contact testing. Thus, these are some of the factors that significantly drive market growth.

The non-destructive testing (NDT) segment is expected to have the highest CAGR during the forecast period

The non-destructive testing (NDT) segment is anticipated to have highest CAGR during the forecast period, due to specialized tools that enable the examination and evaluation of components, materials, and structures without causing harm or damage. Additionally, these NDT tools are built into articulated arms and use a variety of methods, including ultrasound, radiography, eddy current testing, and magnetic particle testing, to find flaws, discontinuities, and structural integrity problems in a variety of materials. Moreover, this field is essential for industries including aircraft, automotive, and construction where assuring the dependability and safety of critical components is paramount. Furthermore, the flexibility required for complete and non-destructive examinations is provided by articulated-arm NDT systems, thereby propelling market size.

Region with largest share:

North America commanded the largest market share during the extrapolated period owing to a concentration on improving accuracy and effectiveness. High-resolution sensors, such as touch probes and laser scanners, are incorporated into new technological breakthroughs to enable faster and more precise measurements. Additionally, in order to improve operator experience and lower measurement mistakes, ergonomics and user-friendly design are becoming increasingly important, these developments enable the aerospace, automotive, and manufacturing sectors in North America to attain greater standards of quality control, ultimately resulting in the creation of components and goods that are more precise and dependable.

Region with highest CAGR:

Europe is expected to witness the highest CAGR over the projection period, due to increase the competitiveness of domestic sectors, European governments support research and innovation through grants, incentives, and cooperative projects. Additionally, they place a strong emphasis on adhering to rigid quality and safety requirements, which encourages the use of high-precision measurement technology. Moreover, regulations controlling energy efficiency and environmental sustainability also have an impact on the creation of eco-friendly measurement devices. Furthermore, by promoting the creation and use of sophisticated articulated arm measuring instruments, European regulations support a thriving marketplace and, in turn, promote product quality, safety, and innovation across a range of industries, thus boosting market expansion.

Key players in the market:

Some of the key players in the Articulated Arm Measuring Instrument Market include Hexagon AB, FARO Technologies Inc., Renishaw plc, API (Automated Precision, Inc.),Nikon Metrology, Inc., Creaform, Kreon Technologies, Perceptron, Inc. and Wenzel America

Key Developments:

In October 2023, Hexagon's Autonomy & Positioning division and Munhwa Broadcasting Corporation (MBC) proudly announce their agreement to bring precise positioning to South Korea through the TerraStar-X Enterprise Correction Service.

In July, 2023, Hexagon launches an operational efficiency programme targeting annualised savings of 160-170 MEUR.

In November 2021, Nikon Industrial Metrology has announced a series of new metrology systems for manufacturers seeking to measure the geometry of medium-to-large parts - from a car door, casting or fabrication to a whole car chassis or airframe structure.

In November 2020, Nikon Metrology announced a new partnership with NSI Microscopy Inspection Automation of Wexford, Ireland. This agreement will help customers with Continuous Process Improvement by making use of automated microscopy.

Products Covered:

• Portable Coordinate Measuring Machines (CMMs)
• Laser Scanners
• 3D Laser Scanning Arms
• Touch Probes
• Camera Systems
• Contact and Non-contact Probes
• Other Products

Technologies Covered:

• Laser Scanning Technology
• Articulated Arm Technology
• Wireless Technology
• Non-destructive Testing (NDT)
• Robotic Integration
• Rapid Scanning and Data Processing
• Other Technologies

Applications Covered:

• Quality Control and Inspection
• Aerospace
• Automotive
• Manufacturing
• Forensics
• Art and Cultural Heritage Conservation
• Educational and Research
• Medical Device Manufacturing
• Metalworking and Fabrication
• Other Applications

End Users Covered:

• Manufacturing Industries
• Shipbuilding and Maritime Industries
• Oil and Gas
• Food and Beverage
• Textiles and Apparel
• Mold Making and Injection Molding
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances